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National Grid PLC  (NYSE:NGG) Enterprise Value: $68,888 Mil (As of Today)

Think of enterprise value as the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents.

EV-to-EBIT is calculated as enterprise value divided by its EBIT. As of today, National Grid PLC's enterprise value is $68,888 Mil. National Grid PLC's EBIT for the trailing twelve months (TTM) ended in Sep. 2016 was $3,932 Mil. Therefore, National Grid PLC's EV/EBIT ratio for today is 17.52.

EV-to-EBITDA is calculated as enterprise value divided by its EBITDA. As of today, National Grid PLC's enterprise value is $68,888 Mil. National Grid PLC's EBITDA for the trailing twelve months (TTM) ended in Sep. 2016 was $5,760 Mil. Therefore, National Grid PLC's EV/EBITDA ratio for today is 11.96.

EV-to-Revenue is calculated as enterprise value divided by its Revenue. As of today, National Grid PLC's enterprise value is $68,888 Mil. National Grid PLC's Revenue for the trailing twelve months (TTM) ended in Sep. 2016 was $18,562 Mil. Therefore, National Grid PLC's EV/Revenue ratio for today is 3.71.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

National Grid PLC Annual Data

Mar08 Mar09 Mar10 Mar11 Mar12 Mar13 Mar14 Mar15 Mar16 Mar17
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 77,201.48 89,543.34 85,030.47 91,987.98 77,788.33

National Grid PLC Semi-Annual Data

Sep07 Mar08 Sep08 Mar09 Sep09 Mar10 Sep10 Mar11 Sep11 Mar12 Sep12 Mar13 Sep13 Mar14 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17
Enterprise Value Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 85,030.47 89,950.57 91,987.98 91,632.49 77,788.33

Competitive Comparison
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap.


Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents.

National Grid PLC's Enterprise Value for the fiscal year that ended in Mar. 2017 is calculated as

Enterprise Value (A: Mar. 2017 )
=Market Cap (M)+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=54610.55+0+28570.3703704
+Current Portion of Long-Term Debt+Minority Interest-Cash And Cash Equivalents
+6785.18518519+19.7530864198-12197.5308642
=77,788

National Grid PLC's Enterprise Value for the quarter that ended in Sep. 2016 is calculated as

Enterprise Value (Q: Sep. 2016 )
=Market Cap (M)+Preferred Stock+Long-Term Debt & Capital Lease Obligation
=53756.01+0+36897.5032852
+Current Portion of Long-Term Debt+Minority Interest-Cash And Cash Equivalents
+5452.03679369+17.0827858081-4490.14454665
=91,632

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap (M) because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of enterprise value.

For the companies with the same Market Cap (M), the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap (M). In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as enterprise value divided by its EBIT.

National Grid PLC's EV/EBIT for today is

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=68888.290/3932.09876543
=17.52

National Grid PLC's current Enterprise Value is $68,888 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. National Grid PLC's EBIT for the trailing twelve months (TTM) ended in Sep. 2016 was $3,932 Mil.

2. EV-to-EBITDA is calculated as enterprise value divided by its EBITDA.

National Grid PLC's EV/EBITDA for today is:

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=68888.290/5760.49382716
=11.96

National Grid PLC's current Enterprise Value is $68,888 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. National Grid PLC's EBITDA for the trailing twelve months (TTM) ended in Sep. 2016 was $5,760 Mil.

3. EV-to-Revenue is calculated as enterprise value divided by its Revenue.

National Grid PLC's EV/Revenue for today is:

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=68888.290/18561.7283951
=3.71

National Grid PLC's current Enterprise Value is $68,888 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. National Grid PLC's EBITDA for the trailing twelve months (TTM) ended in Sep. 2016 was $18,562 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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